Atomgrid Secures Seed Funding to Empower Indian Chemical Manufacturers

Team Atomgrid
Preeti Bali / 7:19 am / May 9, 2024

Atomgrid, a pioneering platform in the specialty chemicals sector, has secured crucial funding in its seed round. The company, known for its emphasis on research and development (R&D), facilitates contract development, manufacturing, and sourcing of specialty chemicals. Merak Ventures spearheaded the investment round, demonstrating their confidence in Atomgrid’s potential. Dexter Ventures, Upsparks, Point One Capital, and prominent figures Nitin Gupta and Prateek Jindal (founders of UniCards) also participated in the funding round.

Funds to Fuel Growth Across Key Areas

The capital injection will empower Atomgrid to bolster its in-house R&D infrastructure. Additionally, the company plans to leverage the funds to enhance its global outreach, establish a robust supply chain tech platform, and strategically expand its workforce.

Championing Indian Chemical Manufacturers on the Global Stage

Founded by Lakshit Bansal, Siddharth Gupta, and Pratik Chowdhury, Atomgrid prioritizes R&D within the specialty chemicals domain. The platform functions as a bridge, empowering Indian chemical manufacturers to establish a strong global presence. Atomgrid tackles critical challenges faced by these manufacturers, including limitations in R&D resources, difficulties in reaching international markets, challenges in sourcing raw materials efficiently, and the need for technological advancements.

Navigating the Competitive Landscape

In the specialty chemicals industry, Atomgrid faces competition from established players like Scimplifi, backed by 3one4 Capital, and Covvalent, supported by Nexus.

Merak Ventures Extends Investment Momentum

The investment in Atomgrid marks a significant milestone for Merak Ventures, representing their third major investment in 2024. Prior to this, Merak Ventures had invested in Farmtheory and Rupyz.

More Stories